Coinbase Global, Inc. (NASDAQ:COIN) Director Gokul Rajaram sold 1,145 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $97.68, for a total value of $111,843.60. Following the transaction, the director now directly owns 9,413 shares in the company, valued at $919,461.84. The sale was disclosed in a filing with the SEC, which is available through this link.
Gokul Rajaram also recently made the following trade(s):
- On Thursday, October 19th, Gokul Rajaram sold 1,145 shares of Coinbase Global stock. The stock was sold at an average price of $74.34, for a total value of $85,119.30.
- On Thursday, September 21st, Gokul Rajaram sold 1,145 shares of Coinbase Global stock. The shares were sold at an average price of $74.38, for a total transaction of $85,165.10.
Coinbase Global Trading Up 7.1 %
COIN stock opened at $106.10 on Tuesday. Coinbase Global, Inc. has a 52-week low of $31.55 and a 52-week high of $114.43. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $80.44 and its 200-day simple moving average is $76.38. The firm has a market cap of $25.38 billion, a P/E ratio of -32.85 and a beta of 2.65.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Barclays cut their price target on shares of Coinbase Global from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 10th. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Coinbase Global in a research report on Tuesday, November 7th. JMP Securities reissued a “market outperform” rating and issued a $107.00 target price on shares of Coinbase Global in a research report on Thursday, August 17th. Canaccord Genuity Group upped their target price on Coinbase Global from $70.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Bank of America cut their target price on Coinbase Global from $63.00 to $60.00 in a research report on Thursday, October 12th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.64.
Coinbase Global Company Profile
Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.
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